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1938 |
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Charles Webb and Ada Ruth Gordon of Morrilton, Arkansas, found the Webb-Gordon Insurance Agency to primarily serve the property protection needs of rural Arkansas. |
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1953 |
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AMFIC charter is revised, changing the name to American Mutual Insurance Company and making it a legal reserve mutual company with authority to write automobile as well as property insurance. |
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1957 |
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Webb-Gordon Agency is changed to Morrilton Insurance Agency and remained part of AMC. |
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1958 |
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AMC acquires the management of State Farmers Mutual Fire Insurance Company. The dormant charter of Arkansas Farmers Insurance Company is also purchased. |
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1959 |
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State Farmers charter changed to a legal reserve stock insurance company to be called American Underwriters Insurance Company. |
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1984 |
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Stephen Strange, Sr. purchases the majority stock of American Management Corporation. Also purchased was a book of service station business from Healy Corporation of San Francisco. To handle the service station business, a Managing General Agency was formed as a division of AMC. |
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1991 |
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American Underwriters Insurance Company assumes all American Mutual Insurance business. American Underwriters Insurance is currently the only insurance company owned by AMC. |
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1992 |
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AMC offices move from Morrilton, Arkansas to Conway, Arkansas. |
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2002 |
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AMC has over 200 employees and $120 million on premium. |
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2004 |
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AMC acquires two MGA's based out of Scottsdale, Arizona, which are combined into what is now our Arizona office. This acquisition adds 400 new agents to AMC's roster and doubles the number of carriers for the E & S Program. |
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